Staff / TruthdigFeb 8, 2011
Given the outsourcing, the massive bailout, the abandoned houses and the rest of the city's emotional baggage, it was sort of inevitable that Chrysler's "Imported from Detroit" ad, featuring Eminem and spanning roughly $12 million worth of airtime, would elicit cheers and jeers from Congress. Dig deeper ( 1 Min. Read )
Staff / TruthdigSep 1, 2009
Those dangerous socialists in our federal government have really done it this time Why, they've engineered a way to give the American auto industry a much-needed boost with their successful "Cash for Clunkers" program . Dig deeper ( 1 Min. Read )
Staff / TruthdigAug 6, 2009
The Senate is finally getting around to approving more money for the wildly successful "cash for clunkers" program, which seems to have saved the auto industry from the forces of recession and bankruptcy. With an additional $2 billion on the way, the administration hopes to transform 500,000 more clunkers into cleaner, smaller, more efficient vehicles. Dig deeper ( 1 Min. Read )
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Staff / TruthdigJul 11, 2009
General Motors Chief Executive Fritz Henderson tooted his company's horn plenty when he ushered in a new, post-bankruptcy era for the Detroit automaker -- but he couldn't promise that GM 2.0 would be able to pay back the billions of dollars his company got from taxpayers. Dig deeper ( 1 Min. Read )
Staff / TruthdigJun 9, 2009
The Supreme Court has put the brakes on President Obama's plans to bail out the auto industry, ordering a stay of the sale of Chrysler to Fiat. Before the ruling, the administration said blocking the deal would have "grave consequences" for Chrysler. Also, it could threaten the government's plans for the much larger and more complicated GM. Update Dig deeper ( 1 Min. Read )
Eugene Robinson / TruthdigJun 2, 2009
With GM's bankruptcy filing on Monday, we the people have become majority owners of a museum-quality piece of industrial history. Dig deeper ( 3 Min. Read )
Staff / TruthdigMay 1, 2009
President Obama gave certain hedge fund manager types who held out for "an unjustified taxpayer bailout," as he put it, a dressing down in the midst of his comments about Chrysler's bankruptcy filing on Thursday. Needless to say, that didn't go over so well with the targeted demographic. Dig deeper ( 1 Min. Read )
Marie Cocco / TruthdigApr 30, 2009
This is how it ends. Or at least, this is how the latest, sad chapter in a story that has been ending for three decades is written. Dig deeper ( 3 Min. Read )
Staff / TruthdigApr 25, 2009
Even Fox News' Shep Smith said it: America doesn't torture although the recently released set of torture memos belies that declaration Meanwhile, President Obama's none too pleased with credit card companies, and Chrysler has hit the skids Was there any good news this week? Tony Blankley thinks so. Dig deeper ( 1 Min. Read )
Staff / TruthdigApr 24, 2009
The Treasury Department has cut a deal with the United Auto Workers to send Chrysler into bankruptcy while protecting retiree benefits, The New York Times reports. Fiat would be in a more favorable position to take a cut of the company once it's in bankruptcy. Chrysler's equity stakeholders are shaping up as the big losers in all of this. Dig deeper ( 1 Min. Read )
Staff / TruthdigMar 31, 2009
President Obama grabbed the proverbial steering wheel on Monday, shaking up the American auto industry by stating tougher conditions for receiving federal subsidies and forcing GM's CEO to step down. But critics are wrong to suggest that this represents an unprecedented use of executive power. Dig deeper ( 2 Min. Read )
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